Thursday 12 March 2015

2pm update - holding the 50dma

US equities are holding above the 50dma of sp'2059. A daily close in the 2060s looks highly probable.. along with VIX 15s. Metals remain weak, Gold u/c. Oil continues to slide, -1.5%... with the $43 low in danger of being taken out within the next few weeks.


sp'60min


Summary

Little to add

Price structure on the hourly is a classic 'Carboni' F Flag.... bodes for at least 2065/70 tomorrow... perhaps 2080 on a stretch.
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notable strength: DIS +3.4%.... on more Marvel announcements of Star Wars ep'8 in summer 2017.